Choices and Deficits

Mar 22, 2009 17:27

It seems that the White House had a choice ( Read more... )

politics, economics, obama

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Re: we don't need no education aciel March 22 2009, 23:46:42 UTC
Explain further? I see the 30% income tax, but I'm not sure what you mean by net pay.

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mizukaze March 23 2009, 00:17:59 UTC
"The New Deal worked, and for Republicans to say otherwise is revisionism."

LOL wut?

that's a pretty loaded statement to give the weight of irrefutable fact. "working" is very different than "limped things along even longer than it took the rest of the world to recover and eventually time passed and the markets rebounded."

it's certainly not considered hard statistical fact that the New Deal had any positive or negative effect, except to saddle us with institutions like Social Security as a pay-in system to keep it un-reformable through the years.

The charge of revisionism from a self-professed liberal, the intellectual group that all but created "revisionist history" and "victims studies" out of whole cloth is laughable.

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rachelsahm March 23 2009, 00:54:21 UTC
yeah, the New Deal didn't help get us out of it.. World War Two did. The New Deal was a band-aid, but it didn't fix the injury. The New Deal helped psychologically; it gave people things to do. But it also has had some extremely negative long-term effects.

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peculiar_writer March 23 2009, 01:06:23 UTC
I don't know enough about the subject, and we might just be splitting hairs, but: I've always understood that the mega production that WWII spurred--planes, tanks, armory, clothes, bullets, other weaponry, etc.--is really what pulled us out. Not the actual kicking German and Japanese ass aspect of it.

What do you guys think? Do we need a war by necessity or just a ramp up of our production? Which will be hard to do as we've shipped a lot of our manufacturing overseas in the last decade...

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aciel March 23 2009, 02:44:44 UTC
Look, either way--massive government spending kicks us out of depressions (or into depressions if done incorrectly). The New Deal was massive spending. So was WWII.

This isn't about Social Security, either. It's about the infrastructure projects in the New Deal that put people to work so they could put food on the table.

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